FRIENDS OF SALISBURY AREA YOUNG MUSICIANS
TO PROMOTE,IMPROVE,DEVELOP AND MAINTAIN IN CHILDREN UP TO AND INCLUDING THE AGE OF 19 YEARS EDUCATION IN APPRECIATION , UNDERSTANDING AND ENJOYMENT OF MAKING AND PERFORMING OF MUSIC IN ALL ITS ASPECTS
Financial health, per its FY2025 accounts
The accounts state that total receipts for the year were £93,840 against total payments of £88,106, resulting in a net increase in cash resources of £5,734. The trustees confirm the financial position is satisfactory and that the charity holds unrestricted reserves of £116,289, which exceeds its stated policy target of £63,000.
What the accounts disclose
“Membership subscriptions totalled £42,209” — page 3
“The charity's reserve policy is to hold £63,000 (previously £62,000) to cover contract commitments and the possible loss of their grant income.” — page 3
“Corporate trustee : FSAYM Limited Company registration No, 09668609” — page 2
Trustees
- FSAYM Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £94k | £88k |
| 31/07/2024 | £87k | £90k |
| 31/07/2023 | £129k | £128k |
| 31/07/2022 | £88k | £86k |
| 31/07/2021 | £45k | £76k |
Common questions
Is FRIENDS OF SALISBURY AREA YOUNG MUSICIANS financially healthy?
Per its FY2025 accounts: The accounts state that total receipts for the year were £93,840 against total payments of £88,106, resulting in a net increase in cash resources of £5,734. The trustees confirm the financial position is satisfactory and that the charity holds unrestricted reserves of £116,289, which exceeds its stated policy target of £63,000. Its FY2025 accounts were independently examined.